Alphabet Inc. $GOOG Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 31.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,353 shares of the information services provider’s stock after selling 41,224 shares during the period. Alphabet accounts for about 2.2% of Oxbow Advisors LLC’s holdings, making the stock its 5th biggest position. Oxbow Advisors LLC’s holdings in Alphabet were worth $25,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. State Street Corp boosted its stake in Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after acquiring an additional 953,790 shares in the last quarter. Auto Owners Insurance Co grew its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP increased its position in shares of Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Alphabet by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of research analyst reports. Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Oppenheimer increased their price objective on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $376.19.

Alphabet Trading Down 0.4%

NASDAQ GOOG opened at $363.62 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.41 trillion, a P/E ratio of 27.74, a P/E/G ratio of 1.56 and a beta of 1.23. Alphabet Inc. has a 52-week low of $173.88 and a 52-week high of $404.47. The firm has a 50-day moving average price of $369.28 and a 200 day moving average price of $334.35.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 EPS. Equities research analysts expect that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.71%.

Insider Activity

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 in the last three months. Company insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street is looking for another strong earnings report from Alphabet, with AI and Google Cloud expected to keep driving growth ahead of the company’s upcoming results. Alphabet Q2 Earnings Preview: What To Expect From Upcoming Report
• Positive Sentiment: Alphabet’s Google unit joined a €411 million funding round for Proxima Fusion, reinforcing its interest in frontier energy and other long-duration AI-adjacent opportunities. Google, RWE back Proxima Fusion in €411 million financing round
• Positive Sentiment: Coverage highlighting Alphabet as a potential “forever holding” for Berkshire-style investors may be helping reinforce the stock’s long-term AI and cash-flow appeal. Prediction: This Magnificent Artificial Intelligence (AI) Stock Will Become Berkshire’s Next Forever Holding
• Neutral Sentiment: Alphabet announced that its Made by Google Pixel event will be held on August 12, which could build anticipation for new hardware updates but is not a major fundamental catalyst by itself. Google’s Pixel event is set for August 12
• Neutral Sentiment: Commentary comparing Alphabet with Palantir and Taiwan Semiconductor keeps Alphabet in the center of AI-stock debates, but these are mostly valuation and relative-performance discussions rather than direct business news. Palantir Vs. Google: Why Palantir is Surging in July and Should Investors Buy it Over Google?
• Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media, which could raise fresh privacy concerns and fuel scrutiny over how customer data is used. If you use Google, you’re training its AI. Here’s how to opt out.
• Negative Sentiment: Business Insider noted that Google’s status as a top tech employer is becoming less certain as AI-linked salary competition pushes some talent elsewhere, which could add pressure to retention. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.